Brussels, Belgium, May 1, 2025 (AFP) - EU could offer $56 billion spending spree to head off US trade war: FT

NAMPA / AFP

2025-05-02

EU nations could commit to spending an extra $56 billion on American products to end the tariff showdown with US President Donald Trump, EU Trade Commissioner Maros Sefcovic said in an interview with the Financial Times published Thursday. Sefcovic, who has been leading negotiations with the US administration, said that "certain progress" had been made but the European Union would not accept the United States' 10 percent tariff on EU goods. Sefco......

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